US District Judge Analisa Torres has dismissed the case against Ripple executives Brad Garlinghouse and Chris Larsen, according to an order signed on October 23, 2023. The dismissal order specifically refers to “Institutional Sales” of XRP by the executives, omitting the categories of “Programmatic Sales” and “Other Distributions.” This strategic decision means that while Garlinghouse and Larsen are protected from further action by the SEC regarding Institutional Sales, they could still face legal consequences if the SEC appeals and reverses the court’s decision on the other two categories. Legal analysts speculate that there may be undisclosed negotiations or agreements at play, and the possibility of a settlement between the SEC and Ripple is being discussed. It is important to note that the SEC still has the option to appeal the final ruling.

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Information	Details
Geography	North America
Countries	🇺🇸
Sentiment	neutral
Relevance Score	1
People	Fred Rispoli, James K. Filan, Roisin The XRP Queen, Brad Garlinghouse, Chris Larsen
Companies	Ripple, XRP Queen, US Securities and Exchange Commission (SEC), Hodl Law
Currencies	XRP
Securities	None